UAE – Leading financial institution in the UAE capital markets BHM Capital has been appointed as liquidity provider for ADNH Catering shares listed on the Abu Dhabi Securities Exchange (ADX).
The strategic partnership is poised to significantly enhance liquidity for ADNH Catering shares, aiming for improved price stability and transaction efficiency for both individual and institutional investors. This collaboration is expected to create a seamless trading experience.
As per the agreement, BHM Capital will achieve liquidation by entering two-way daily quotes into the trading systems, adhering to the regulations set by the ADX and the UAE Securities and Commodities Authority (SCA).
Abdel Hadi Al Sa’di, CEO of BHM Capital, expressed pride in this responsibility, stating, “We are honored to take on this critical role. Being selected to provide liquidity for ADNH Catering shares on the ADX reflects our commitment to offering exceptional market access and innovative financial solutions.”
He noted that this appointment marks a significant milestone for BHM Capital, reinforcing its leadership in the region and its commitment to nurturing a robust financial ecosystem.
Al Sa’di added that by improving liquidity, BHM Capital aims to support the broader objectives of market efficiency and investor confidence, ultimately contributing to the overall growth and vibrancy of the UAE’s financial markets.
This announcement follows closely after ADNH Catering’s listing on the ADX, where the company raised AED 864 million (approximately US$235 million) through the sale of 900 million shares, representing 40% of its total issued share capital.
The offering generated substantial interest from both international and regional investors, leading to an oversubscription of more than 15 times and total demand exceeding AED 13 billion (around US$3.5 billion).
BHM Capital is a prominent private joint-stock company, listed on both the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX), and is regulated by the UAE Securities and Commodities Authority.
It provides a range of services to individual and corporate investors and has consistently ranked among the top firms in the UAE’s financial markets. Recognized as a pioneer in financial technology, BHM Capital is a regional leader in offering essential tools for both corporate and individual clients.
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